The California Department of Insurance will hold a virtual public hearing June 7 to hear testimony on a recommendation to increase the advisory pure premium rate by 0.3%.
The Workers’ Compensation Insurance Rating Bureau Governing Committee in April voted to recommend that the insurance commissioner adopt an advisory rate of $1.50 per $100 of payroll for policies incepting on or after Sept. 1.
If approved, it would be the first rate increase in nearly a decade. The advisory rate has been reduced or held flat each year since 2015.
The CDI advisory pure premium rate hearing is at 10 a.m...
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